Dave Gorman, Cruz' manager, bid $123,000 for the HBA. Sites under consideration for the fight are Fort Worth, the champion's hometown; San Antonio, and Atlantic City, N.J.

Cruz, who won the title from Barry McGuigan June 23, will get 75% of the purse and Esparragoza 25%.

The other two promoting firms participating in the bidding, presided over by WBA president Gilberto Mendoza, were Video Deportes of Puerto Rico and Difusora Interamericana of Venezuela, which offered $83,000 and $110,000 respectively.